On Monday Pope Benedict XVI briefly remarked on the financial crisis during the opening of the first General Congregation of the Twelfth Ordinary General Assembly of the Synod of Bishops. In the aftermath of the “fall of the great banks,” he reminded synod attendees that money is of “secondary importance” to the Word of God, which he called the “foundation of all reality.”

The Pope referenced Christ’s words at the close of the Sermon on the Mount in which he speaks of building one’s house’s foundation upon sand or upon rock.

“Those who build on sand do so only on visible and tangible things: on success, career and money,” the Pope explained.

“These seem to true reality, but one day they will pass away", he continued.

"We see this now with the fall of the great banks. Money disappears, it becomes nothing. And thus all these things which seem to be real and upon which we can rely, are in fact of secondary importance.

“All human things, all things we can invent and create are finite. So too all human religious experiences are finite. They show only one aspect of reality, because our limited being understands only some parts, some elements.

“Only God is infinite and through him, his Word too is universal and knows no end,” Pope Benedict remarked.

“Only the Word of God is the foundation of all reality, stable like heaven. Therefore we must change our concept of reality. A realist is one who recognizes that the Word of God - this reality that appears so weak - is in fact the foundation of everything.”